TaskUs, Inc. Stock Investigation

02.24.2022

Our securities attorneys are investigating reports that TaskUs, Inc. may have made false and misleading statements or failed to disclose material information to investors.

Did you purchase or acquire TaskUs, Inc. shares between June 11, 2021 and January 19, 2022? Speak to a lawyer.

Protect your rights by speaking with a Girard Sharp investment fraud attorney. Call us toll-free at (866) 981-4800 or submit your information below:

Speak to a Lawyer






More Details on the TaskUs Investigation

TaskUs held its initial public offering on or around June 10, 2021, and began publicly trading shares on the NASDAQ exchange. In the IPO offering documents, TaskUs claimed to have “industry-leading growth and profitability” and a “simply massive” market opportunity. The company also allegedly overstated the size of its workforce, referring to “low employee attrition levels” which “lead[] to lower hiring and training costs.”

On January 20, 2022, Spruce Point Capital Management, LLC issued an 80-page report on TaskUs, concluding in part that the company “has a pattern of exaggerated and inflated business claims, including revenue, and is covering-up financial strain with reduced disclosures, cherry-picked market data, and non-standard key performance metrics.” This disclosure caused TaskUs, Inc. stock to decline drastically, resulting in potential harm to investors.

Did you purchase TaskUs, Inc.’s securities between June 11, 2021 and January 19, 2022?

You may have a legal claim. Speak to an investment fraud attorney about your rights by calling 1.866.981.4800 or filling out the form at the top of the page.

Our Commitment to Excellence

Girard Sharp LLP represents investors, consumers, and institutions in class actions and other complex litigation nationwide. We serve on the Plaintiffs’ executive committee in the recent spoofing litigation against JPMorgan Chase that settled for $60 million, a favorable resolution that the district court preliminarily approved on December 20, 2021. (S.D.N.Y. Case No. 1:18-cv-10356.) Our class action attorneys have obtained multimillion-dollar recoveries for victims of unfair and deceptive practices in antitrust, financial fraud, and consumer protection matters against some of the country’s largest corporations, including Raymond James, John Hancock, and Sears. Girard Sharp has earned top-tier rankings from U.S. News and World Report for Securities and Class Action Litigation and has been repeatedly selected as an Elite Trial Lawyers finalist by the National Law Journal.

Main Menu